Unique Wealth Strategies LLC Makes New Investment in Comcast Co. (NASDAQ:CMCSA)

Unique Wealth Strategies LLC bought a new stake in Comcast Co. (NASDAQ:CMCSA) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 19,123 shares of the cable giant’s stock, valued at approximately $839,000.

A number of other institutional investors and hedge funds have also made changes to their positions in CMCSA. Everett Harris & Co. CA grew its stake in shares of Comcast by 7.7% during the 4th quarter. Everett Harris & Co. CA now owns 1,687,406 shares of the cable giant’s stock worth $73,993,000 after purchasing an additional 121,279 shares during the period. Desjardins Global Asset Management Inc. grew its position in Comcast by 1.5% during the fourth quarter. Desjardins Global Asset Management Inc. now owns 101,182 shares of the cable giant’s stock worth $4,438,000 after buying an additional 1,486 shares during the period. Altus Wealth Group LLC increased its holdings in Comcast by 8.3% in the fourth quarter. Altus Wealth Group LLC now owns 18,761 shares of the cable giant’s stock valued at $823,000 after buying an additional 1,432 shares in the last quarter. PFG Advisors lifted its position in shares of Comcast by 28.8% during the 4th quarter. PFG Advisors now owns 23,073 shares of the cable giant’s stock valued at $1,012,000 after acquiring an additional 5,159 shares during the period. Finally, Hudson Bay Capital Management LP purchased a new stake in shares of Comcast during the 3rd quarter worth approximately $8,868,000. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Comcast

In other news, President Michael J. Cavanagh sold 114,749 shares of the firm’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $46.10, for a total value of $5,289,928.90. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 1.18% of the company’s stock.

Analysts Set New Price Targets

CMCSA has been the subject of several research reports. Wells Fargo & Company reduced their price objective on Comcast from $47.00 to $43.00 and set an “equal weight” rating for the company in a report on Friday. BNP Paribas reaffirmed a “neutral” rating and set a $45.00 price target on shares of Comcast in a research note on Tuesday, April 9th. Citigroup increased their price objective on shares of Comcast from $51.00 to $53.00 and gave the company a “buy” rating in a research note on Tuesday, January 30th. Rosenblatt Securities restated a “neutral” rating and set a $45.00 target price on shares of Comcast in a research report on Friday. Finally, Redburn Atlantic lowered shares of Comcast from a “buy” rating to a “neutral” rating and lowered their price target for the company from $50.00 to $44.00 in a research report on Thursday, February 15th. Ten investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $49.45.

Comcast Trading Up 1.8 %

NASDAQ:CMCSA traded up $0.70 during mid-day trading on Friday, reaching $38.57. The company’s stock had a trading volume of 29,783,241 shares, compared to its average volume of 21,514,964. Comcast Co. has a twelve month low of $36.43 and a twelve month high of $47.46. The company’s fifty day simple moving average is $41.58 and its two-hundred day simple moving average is $42.57. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.59 and a quick ratio of 0.60. The stock has a market cap of $153.19 billion, a P/E ratio of 10.20, a P/E/G ratio of 0.92 and a beta of 0.98.

Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, April 25th. The cable giant reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.06. The firm had revenue of $30.06 billion during the quarter, compared to the consensus estimate of $29.83 billion. Comcast had a net margin of 12.64% and a return on equity of 20.10%. Comcast’s revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.92 earnings per share. On average, equities analysts predict that Comcast Co. will post 4.23 EPS for the current year.

Comcast Profile

Comcast Corporation operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising.